DT Investment Partners LLC lowered its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,984 shares of the exchange traded fund's stock after selling 733 shares during the period. Invesco QQQ accounts for about 1.3% of DT Investment Partners LLC's holdings, making the stock its 18th biggest position. DT Investment Partners LLC's holdings in Invesco QQQ were worth $13,591,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Bridge Generations Wealth Management LLC bought a new position in shares of Invesco QQQ in the 4th quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Invesco QQQ in the 4th quarter worth $36,000. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ in the 1st quarter worth $50,000. Westend Capital Management LLC bought a new position in shares of Invesco QQQ in the 1st quarter worth $51,000. Finally, Banque Transatlantique SA bought a new position in shares of Invesco QQQ in the 4th quarter worth $57,000. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Price Performance
Shares of NASDAQ:QQQ traded up $0.31 during trading on Tuesday, reaching $552.34. The company had a trading volume of 35,841,352 shares, compared to its average volume of 45,116,508. The company has a fifty day moving average of $521.12 and a two-hundred day moving average of $504.84. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $557.20.
Invesco QQQ Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be paid a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.43%.
Invesco QQQ Profile
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Free Report)
PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust's investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.
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